Can I retire at age 40 with 9,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$809,275$802,066$795,033$788,169$781,466$756,753
2 years$400,631$393,170$385,938$378,927$372,127$347,453
3 years$264,434$256,941$249,728$242,782$236,092$212,232
4 years$196,349$188,879$181,738$174,911$168,383$145,519
5 years$155,509$148,083$141,036$134,348$128,002$106,195
6 years$128,291$120,921$113,978$107,440$101,284$80,553
7 years$108,857$101,549$94,716$88,332$82,371$62,714
8 years$94,288$87,047$80,327$74,099$68,335$49,739
9 years$82,963$75,790$69,186$63,116$57,548$39,992
10 years$73,908$66,805$60,318$54,407$49,033$32,491
11 years$66,505$59,472$53,103$47,350$42,170$26,612
12 years$60,339$53,379$47,127$41,533$36,544$21,936
13 years$55,126$48,239$42,105$36,667$31,867$18,174
14 years$50,662$43,848$37,832$32,549$27,934$15,120
15 years$46,797$40,056$34,157$29,028$24,596$12,621
16 years$43,418$36,751$30,968$25,991$21,738$10,564
17 years$40,439$33,846$28,180$23,353$19,274$8,863
18 years$37,795$31,275$25,725$21,046$17,138$7,450
19 years$35,431$28,986$23,550$19,017$15,275$6,272
20 years$33,307$26,935$21,613$17,223$13,644$5,287
21 years$31,388$25,089$19,879$15,631$12,210$4,461
22 years$29,645$23,419$18,322$14,212$10,944$3,768
23 years$28,056$21,904$16,917$12,943$9,824$3,186
24 years$26,602$20,522$15,645$11,805$8,830$2,695
25 years$25,266$19,259$14,491$10,781$7,946$2,281
26 years$24,035$18,101$13,440$9,858$7,157$1,931
27 years$22,897$17,035$12,480$9,023$6,453$1,636
28 years$21,842$16,052$11,602$8,267$5,823$1,386
29 years$20,862$15,143$10,796$7,581$5,258$1,175
30 years$19,949$14,301$10,056$6,958$4,751$996
31 years$19,096$13,519$9,375$6,390$4,295$844
32 years$18,298$12,792$8,747$5,872$3,885$716
33 years$17,550$12,114$8,167$5,400$3,516$607
34 years$16,848$11,481$7,631$4,969$3,183$515
35 years$16,187$10,890$7,135$4,574$2,883$437
36 years$15,565$10,336$6,674$4,213$2,612$371
37 years$14,977$9,817$6,247$3,881$2,368$315
38 years$14,422$9,330$5,850$3,577$2,147$267
39 years$13,896$8,872$5,481$3,299$1,947$227
40 years$13,398$8,441$5,137$3,042$1,766$192
41 years$12,926$8,035$4,817$2,807$1,602$163
42 years$12,477$7,652$4,519$2,591$1,454$139
43 years$12,050$7,291$4,240$2,391$1,319$118
44 years$11,644$6,950$3,980$2,208$1,197$100
45 years$11,257$6,627$3,737$2,039$1,087$85
46 years$10,888$6,322$3,510$1,884$987$72
47 years$10,535$6,033$3,298$1,740$896$61
48 years$10,198$5,759$3,099$1,608$814$52
49 years$9,876$5,500$2,913$1,486$739$44
50 years$9,568$5,254$2,738$1,374$671$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,800,000, adding $6,844 every year, while hoping to spend $41,250 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/44/9 Blend
39$9,800,000$9,800,000$9,800,000$9,800,000
40$10,806,660$10,287,260$10,135,360$11,287,617
41$11,865,049$10,747,446$10,431,004$12,079,397
42$13,030,012$11,228,798$10,735,171$12,933,343
43$14,312,375$11,732,311$11,048,101$13,859,142
44$15,724,068$12,259,025$11,370,043$14,863,477
45$17,278,236$12,810,031$11,701,253$15,953,682
46$18,989,365$13,386,470$12,041,993$17,137,813
47$20,873,414$13,989,541$12,392,534$18,424,714
48$22,947,970$14,620,497$12,753,152$19,824,097
49$25,232,414$15,280,653$13,124,133$21,346,635
50$27,748,099$15,971,384$13,505,771$23,004,049
51$30,518,557$16,694,133$13,898,365$24,809,222
52$33,569,716$17,450,411$14,302,227$26,776,309
53$36,930,148$18,241,803$14,717,673$28,920,869
54$40,631,339$19,069,967$15,145,030$31,260,008
55$44,707,982$19,936,642$15,584,635$33,812,526
56$49,198,308$20,843,649$16,036,833$36,599,100
57$54,144,446$21,792,899$16,501,978$39,642,464
58$59,592,820$22,786,391$16,980,434$42,967,619
59$65,594,585$23,826,222$17,472,576$46,602,064
60$72,206,115$24,914,588$17,978,789$50,576,047
61$79,489,528$26,053,792$18,499,468$54,922,840
62$87,513,278$27,246,247$19,035,019$59,679,051
63$96,352,799$28,494,480$19,585,859$64,884,956
64$106,091,216$29,801,141$20,152,416$70,584,871
65$116,820,130$31,169,007$20,735,133$76,827,563
66$128,640,484$32,600,988$21,334,459$83,666,700
67$141,663,511$34,100,135$21,950,862$91,161,345
68$156,011,791$35,669,643$22,584,817$99,376,507
69$171,820,401$37,312,862$23,236,816$108,383,740
70$189,238,194$39,033,305$23,907,362$118,261,810
71$208,429,204$40,834,652$24,596,973$129,097,421
72$229,574,192$42,720,758$25,306,180$140,986,029
73$252,872,352$44,695,668$26,035,530$154,032,720
74$278,543,195$46,763,619$26,785,583$168,353,197
75$306,828,617$48,929,052$27,556,916$184,074,850
76$337,995,183$51,196,623$28,350,120$201,337,949
77$372,336,646$53,571,211$29,165,803$220,296,948
78$410,176,715$56,057,932$30,004,589$241,121,930
79$451,872,116$58,662,146$30,867,118$264,000,191
80$497,815,954$61,389,475$31,754,050$289,137,993
81$548,441,431$64,245,808$32,666,059$316,762,488
82$604,225,926$67,237,321$33,603,841$347,123,846
83$665,695,508$70,370,488$34,568,108$380,497,595
84$733,429,902$73,652,094$35,559,591$417,187,197
85$808,067,958$77,089,252$36,579,043$457,526,891
86$890,313,683$80,689,420$37,627,236$501,884,825
87$980,942,891$84,460,414$38,704,960$550,666,507
88$1,080,810,521$88,410,429$39,813,031$604,318,600
89$1,190,858,709$92,548,055$40,952,283$663,333,120
90$1,312,125,686$96,882,298$42,123,573$728,252,043
91$1,445,755,576$101,422,601$43,327,783$799,672,398
92$1,593,009,196$106,178,860$44,565,815$878,251,865
93$1,755,275,962$111,161,452$45,838,597$964,714,954
94$1,934,087,003$116,381,255$47,147,083$1,059,859,809
95$2,131,129,615$121,849,675$48,492,248$1,164,565,703
96$2,348,263,195$127,578,668$49,875,098$1,279,801,304
97$2,587,536,789$133,580,771$51,296,661$1,406,633,778
98$2,851,208,437$139,869,125$52,757,996$1,546,238,820
99$3,141,766,495$146,457,509$54,260,186$1,699,911,709
100$3,461,953,121$153,360,370$55,804,345$1,869,079,490